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Stunning Fully Fitted Unit On Finnieston Strip For Sale

Glasgow, Glasgow City, UK
Asking Price:
£50,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Fully fitted premises
1122 Argyle Street, Finnieston, Glasgow, G3 8TD

• Fantastic coffee/sandwich shop/takeaway/deli opportunity
• Prime trading position in the heart of the Finnieston strip
• Adjacent to Six by Nico, Crabshakk, Rioja & The Crescent
• £120k Refit approximately 18 months ago
• 28 covers over ground & mezzanine levels
• Class 3 applied for
• Low rent and zero rates


THE BUSINESS/OPPORTUNITY:
Pala was established in December 2020 after a complete refurbishment of the premises, and traded as a pizza shop, although had previously traded as Seb & Milly’s coffee shop for approximately 6/7 years prior.

Due to our client’s many other business ventures they have made the decision to sell Pala to concentrate on other projects, and it is felt the sale represents a tremendous opportunity for a new owner operator to take on these well fitted premises which offer a fantastic business opportunity.

Pala was still very much in its infancy, but enjoyed a strong reputation for their handmade pizzas as well as selling soft drinks and coffees etc. It is felt the premises would lend themselves to a variety of concepts including coffee shop, sandwich shop, takeaway, deli, bakery etc.

Our clients have applied for class 3 hot food consent however are not prepared to make any deal conditional upon this being granted due to the time this can take.

Property Information

Property:

Leasehold

Lease Terms:

The subjects are held on a 20 years full repairing and insuring (FRI) lease from 15th July 2013, expiring on 14th July 2033 with a current passing rental of £12,000 per annum subject to 4 yearly reviews.

Leasehold Rent:

£12,000 per annum

Location:

The subjects benefit from a prime trading position on Argyle Street, within the very heart of the popular and highly sought-after Finnieston area of Glasgow, which lies between the City Centre and the West End.

In recent years, Finnieston has become arguably the most desirable eating and drinking circuit in Glasgow with many new stylish bar and restaurant openings, as well as a number of retail operators, ensuring the area is a hive of activity throughout the day and evening. Licensed operators in the immediate vicinity include Six by Nico, Crabshakk, The Crescent, Rioja, The Gannet, Kelvingrove Café, Porter & Rye, The Finnieston and Ox and Finch to name a few. Surrounding retailers include a good mix of local and national operators include Sainsburys Local, Tesco Express, Rebel Rebel barbers and Greggs.

The subjects benefit greatly from their close proximity to the Scottish Exhibition & Conference Centre (SECC) and the Hydro concert venue, both of which are only a short walk away, and regularly play host to the biggest concerts and live shows. The Hydro has been ranked as the second busiest live entertainment arena in the World.

Other nearby amenities include Glasgow University, Kelvingrove Museum & Art Galleries, The Kelvin Hall International Sports Arena, the Hunterian Museum, as well as Glasgow Science Centre and Ibrox Football Stadium which are easily accessed via the footbridge over the Clyde.

Finnieston is a densely populated residential area, as well as a being a busy commercial area with a number of businesses and substantial office developments in the surrounding area, including the Skypark and the new Scottish Power HQ. There are also a number of substantial new residential developments planned in the area which will further benefit the surrounding businesses.

Premises Details:

The subjects are accessed directly from Argyle Street via a door positioned to the left-hand side of the large display frontage. The large window frontage can be opened to provide a pavement service hatch.

Internally, the premises were refurbished at the tail end of 2020 at a cost of circa £120,000 and have been designed and fitted to an exacting standard and really needs to be viewed to be appreciated.

A large, custom built timber counter/servery is positioned at the front of the shop incorporating glass display cabinets and undercounter refrigeration units. To the rear of the counter there is a range of equipment including coffee machine, small double pizza oven, glasswasher and EPOS till system linked to kitchen. An attractive gantry area to the rear provides shelving for soft drinks as well as a stylish menu board. There is seating on this level at the rear for approximately 12 customers by way of fixed booths and high tables and stools.

An attractive stairwell with glass balustrades leads up to the stylish mezzanine level which provides seating for a further 16 customers by way of fixed leather banquet seating and loose tables and chairs.

ANCILLARY AREAS:
The subjects benefit from a good size basement area accessed by an attractive spiral staircase where there are male and female customer toilets, ancillary storage areas and a spacious kitchen area. The kitchen has a range of catering equipment including twin deck pizza oven, chilled pizza prep/salad counter with undercounter refrigeration, stainless steel work benches with undercounter refrigeration and stainless steel upright fridge.

Other Information

Related Documents:

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